8-K: Upland Software CFO Retires, Interim Appointed

Upland Software announces the retirement of its Chief Financial Officer, Michael D. Hill, effective July 27, 2026, with David Tamez appointed as interim CFO.

Summary

• Michael D. Hill, the Chief Financial Officer of Upland Software, Inc., has informed the Board of Directors of his intention to retire from his position, with his retirement effective July 27, 2026.
• The Board has commenced a search for a permanent successor to Mr. Hill.
• Mr. Hill's retirement is not due to any disagreements with the Company regarding its operations, policies, or practices.
• David Tamez has been appointed as the interim Chief Financial Officer, effective July 27, 2026, and will serve until a permanent replacement is found.
• Mr. Tamez, 62, has been with Upland Software since June 2023 as Senior Vice President, Treasury Management.
• His prior roles at Upland include Vice President, Accounting and Corporate Controller from 2014 to 2023.
• Before joining Upland, Mr. Tamez held finance and accounting positions, including Vice President, Finance for a division of Callaway Golf from 2003 to 2011, and began his career at BDO USA, LLP.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as the departure is amicable and an experienced internal candidate has been appointed interim CFO, mitigating immediate concerns.

Positives

• The transition of the CFO role is orderly, with a clear effective date for retirement.
• An experienced internal candidate, David Tamez, has been appointed as interim CFO, ensuring continuity.
• Mr. Tamez has extensive experience within Upland Software, having served in key accounting and treasury roles.
• Mr. Hill's departure is amicable and not related to any disputes with the company.
• David Tamez has a strong background in finance and accounting, including experience with a publicly traded company (Callaway Golf) and public accounting (BDO USA, LLP).

Negatives

• The company is losing its Chief Financial Officer, which can sometimes create uncertainty.
• The compensation for the interim CFO, David Tamez, has not yet been finalized, requiring a future amendment filing.

Risks

• The search for a permanent CFO could be lengthy, potentially impacting financial strategy and execution if prolonged.
• The interim CFO's compensation is not yet determined, which could lead to future adjustments or negotiations.
• Any new CFO, whether interim or permanent, will need time to fully integrate and understand the company's specific financial landscape.

Future Outlook

The company is actively searching for a permanent Chief Financial Officer to succeed Michael D. Hill. The compensation for the interim CFO, David Tamez, is yet to be finalized and will be disclosed in a future amendment.

Management Comments

• Michael D. Hill notified the board of directors of his intention to retire as Chief Financial Officer.
• Mr. Hill's decision to retire was not the result of any disagreements with the Company on any matter relating to the Company's operations, policies or practices.
• David Tamez was appointed to serve as the interim Chief Financial Officer until a permanent successor is identified.

Industry Context

StockSavvy.ai notes that executive transitions, particularly for CFO roles, are common in the software industry. The ability to appoint an experienced internal candidate as interim CFO demonstrates a degree of operational stability within Upland Software.

Management Changes

Stakeholder Impact

• Shareholders: Potential for short-term uncertainty regarding financial leadership, but mitigated by the appointment of an experienced interim CFO.
• Employees: Assurance of continued financial oversight with an internal appointment.
• Creditors: Stability in financial reporting and management is maintained with the interim appointment.

Next Steps

• Identify and appoint a permanent Chief Financial Officer.
• Finalize and disclose the compensation details for the interim Chief Financial Officer, David Tamez, via an amendment to this report.

Key Dates

Keywords

Upland Software, 8-K, CFO Retirement, Interim CFO, David Tamez, Michael D. Hill, Executive Appointment, Corporate Finance, SEC Filing